denomaintr.uni nca t eBay Booking.comAliExpress r Facebook PLUS arvion Wotume Weygandt, Accounting Principles, Seventh Canadian Edition, Volume 1 Canaian PRINCIPLE s of ACCO (ACC Brief Exercise 3-12 On July 31, 2016, a company purchased equipment for $140,400, paying $42,000 cash and signing a 7% note oblem. 24 payable for the remainder. The interest and prinaipal of the note are due on January 31, 2017 Prepare the journal entry to record the purchase of the equipment on Mly 31, 2016. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter 0 for the amounts.) e 3-10 3-12 Date Account Tites and Explanation Debit Credit July 31/16 T OF ACCOUNTS Prepare the journal entry to record the accrual of the interest at year end, November 30, 2016, assuming interest has not previously been accrued. (Credit account titles are automatically indented when amount and enter 0 for the amounts. Round answers to the nearest whole dollar, e.g. S5,273.) Date Account Titles and t Credit the interest and note on January 31, 2017. (Credit Prepare the journal entry to record the repayment of account titles are automaticaly indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Jan. 31/17 Question Attempts: o of s used SAVE FOR LATER SUGHT